SOURCE: Innocent Inc.

July 08, 2014 08:30 ET

Innocent Inc. Launches Advisory Council

FT. WORTH, TX--(Marketwired - Jul 8, 2014) - Innocent Inc. (OTC: INCT) (the "Company"), a development stage oil and gas exploration and production company, is pleased to announce that it has appointed Scott Davis as the inaugural member of the Company's newly formed advisory council.

Mr. Davis is an owner of R. D. Davis & Associates, LLC and manages the Houston Division, a substantial independent land company with headquarters in Oklahoma City. He directly manages all day-to-day operations of 110 field brokers. His extensive experience in multiple basins gives him a deep familiarity with the local landowners, current operators and potential competitors in each basin.

Mr. Davis has substantial experience and a record of successful leasing in many unconventional resource plays. He has personally leased, negotiated and managed over 1,000,000 acres in the Barnett Shale, Permian Basin, Texas Panhandle, Southern Oklahoma (Woodford), Granite Wash (Western OK and Kansas), Illinois Basin and Eagle Ford. Mr. Davis has managed teams of more than one hundred landmen while implementing land strategies in the field for Devon, ConocoPhillips, XTO, Samson, Cimarex, and many other E&P companies. Mr. Davis has been involved in multiple oil & gas plays across Oklahoma, Texas, Illinois and Kansas, including most resource plays in these areas, and specializes in dealing with the regulatory agencies of these states.

The experience accumulated by Mr. Davis includes direct responsibility for all in-house and field land operations for private equity backed ventures with successful high rate of return divestitures. He has developed creative solutions to obtaining acreage in competitive environments.

Mr. Davis has founded or co-founded several businesses, which has given him hands-on experience with the transformation of a business concept into a functioning, ongoing successful business. Likewise, his experience managing a lease brokerage business has given him skills in the areas of business development, operation management, product sales, product & service innovation, contract drafting, personnel training, recruiting and administration.

Mr. Davis holds a BBA from Oklahoma City University, and has also attended the University of Oklahoma at Norman. Mr. Davis is a Certified Professional Landman.

"Our newly formed advisory council will allow us to benefit from assembling a world-class oil and gas advisory team to identify, review and advise our management team on select opportunities. We are very pleased Mr. Davis accepted our invitation and we look forward to working with him in our transformation of Innocent," commented CEO Patrick Johnson.

About Innocent Inc.

Innocent Inc. is a development stage oil and gas exploration and production company focused on developing properties in North America. Innocent Inc. plans to minimize the risk of exploration through development of proved petroleum reserves, and expects to maximize profit through strategic acquisition and liquidation of selected oil and gas properties. Innocent Inc. has partnered with industry experts in this agreement and they will provide the technical guidance and field management experience. Together, this new team of Innocent Inc. and Evergreen Petroleum will focus on acquiring low risk, high upside properties coupled with substantial exploration potential. Through improvements in oil and gas production technologies, Innocent seeks to rapidly increase production levels and generate predictable, sustainable value. Adhering to a narrow, clearly defined strategy, the company focused on 100% acquisitions and joint ventures to maximize our production capacity. For more information, visit www.innocentinc.com.

SAFE HARBOR

This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: oil and gas prices, general economic or industry conditions, nationally and/or in the communities in which our company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our access to capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting our company's operations, products, services and prices.

We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.

Contact Information

  • Contact:
    Innocent Inc.
    Patrick J. Johnson
    Chief Executive Officer
    (888) 570-3698
    IR@Innocentinc.com